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Most small businesses begin their global ventures by establishing international
locations.
Effective leaders know that what they do is more important than what they say because
they set the example for their employees.
One of the disadvantages of angels is that they are typically not willing to wait more
than three years to cash out their investments.
Success in the global economy requires constant innovation, high quality, and flexibility
and the ability to have a new perspective about the potential of a business.
The competitive test that a business plan must pass to attract financing for lenders and
investors involves proving to them that the venture offers a high probability of
repayment or an attractive rate of return.
The most common mistake entrepreneurs make when preparing pro forma (projected)
financial statements for their companies is being overly pessimistic in their financial
plans.
The typical neighborhood shopping center contains from 3 to 12 stores and serves a
population that lives within a 10-minute drive.
Current competitive conditions favor large companies over smaller ones because of
their flexibility combined with their ability to use their size to achieve efficiency and
economies of scale.
